Climate Data for Physical Risk Assessment in Finance

25 Pages Posted: 13 Nov 2019

See all articles by Peter Tankov

Peter Tankov

ENSAE Paris

Alexis Tantet

Ecole Polytechnique, Palaiseau

Date Written: November 3, 2019

Abstract

Financial institutions are recognizing the importance of physical climate-related risks and are expected to disclose the presence of such risks in their portfolios. The assessment of physical risks is based on climate data and in particular with the advent of climate change, it will increasingly be based on the forward looking climate scenarios. Most financial actors, especially in the banking sector, presently lack the knowledge and tools required to access and use the climate datasets. The purpose of this document is to review the main sources of climate data, to provide an access point to this field for finance professionals.

Keywords: physical climate risks, climate data, reanalysis

JEL Classification: Q54

Suggested Citation

Tankov, Peter and Tantet, Alexis, Climate Data for Physical Risk Assessment in Finance (November 3, 2019). Available at SSRN: https://ssrn.com/abstract=3480156 or http://dx.doi.org/10.2139/ssrn.3480156

Peter Tankov (Contact Author)

ENSAE Paris ( email )

92245 Malakoff Cedex
France
91400 (Fax)

Alexis Tantet

Ecole Polytechnique, Palaiseau ( email )

Route de Saclay
Palaiseau, 91128
France

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